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23 Mar 2023
Sources:
CFO Exclusively
1) Weekly Report (Wk # 11)
- Fishmeal Inventory at port is 207,110 mt
- Weekly off take 23,410 mt
- Weekly arrival 34,600 mt
Full report, please click below link CFO China Feed Market Weekly Update #11/2023
2) Today’s Price Indication (22 March 2023)
|
Products |
Origin |
Quality |
RMB/mt |
|
SBM |
China |
43% |
3,930 |
|
Canola Meal |
China |
36% |
3,090 |
|
DDGS |
USA |
26/28% |
2,770 |
|
Fishmeal |
Peru |
Super |
13,500-13,800 |
|
Fishmeal |
China |
63/150 |
12,300 |
|
MBM |
Uruguay/Argentina |
Beef 45% |
6,300 |
|
MBM |
Australia |
Beef 48% |
6,300 |
|
PBM |
USA |
65% |
10,500-11,000 |
Comment:
SBM: The average RMB price of SBM has fallen below an eight-month low. Since the profit of pig breeding is declining, we are expecting SBM domestic market will continue weak in coming weeks.
Fishmeal: Peruvian market price is firm. However, the Chinese RMB market is adjusted lower. We recorded RMB prices is moving downwards in Guangzhou, Dalian ..etc., Chinese main ports.
Canola meal: The demand is still in the off-season stage and the inventory of canola meal continues to accumulate. The supply pressure and the cash price of SMB continue to fall, suppressing the price of canola meal. It is predicted that canola meal will continue to be weak in March.
Remark:
This is a gentle reminder, for MOA China license renewal, the application should be submitted to Beijing 6 months prior to expire, please contact CFO License Center earlier .
Any queries, please email: license@21cfo.com
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